Asian Stocks Post Biggest Decline in Seven Months
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Asian stocks declined, with the region’s benchmark index posting its biggest loss since June, as concern that the global economic recovery is faltering spurred investors to sell riskier assets.
Sony Corp. fell 3 percent in Tokyo, pacing losses among Japanese exporters. Tata Motors Ltd., India’s largest automaker by revenue, tumbled 6 percent in Mumbai after Managing Director Karl Slym died in Bangkok. GCL-Poly Energy Holdings Ltd., the world’s largest maker of polysilicon, declined 6.3 percent in Hong Kong after China set a lower-than-expected target for installed solar-energy capacity this year.